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Non-Tech : MGM Grand Hotel and Casino Symbol MGG

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To: battle beast who wrote (8)7/19/1997 12:13:00 AM
From: Randy Atkins   of 96
 
MGG chart is talking pretty loud now. Tested 32 on 7/16 and bounced nicely on 7/17 with a verrry pretty bullish engulfing pattern. Looks like it is setting up similar to last quarters price movement prior to earnings. I'm sure this is showing up on T/A's radar.

I know that this sector is beat up and flat, but I also know MGG is pulling from CIR (Luxor and Excalibur). Primadonna turned in some nice numbers, largely due to the New York venture. MGG should gain also, but to a lesser extent.

I hope the numbers come in as you suggest. Could make a nice run at 40.

--Randy
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